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10. The Ripple Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the time of acquisition, Ripple

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10. The Ripple Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the time of acquisition, Ripple paid $20,000 to have the assets appraised. The appraisal disclosed the following values: Land Buildings Equipment What costs should be assigned to the buildings? a. $166,667 b. $173,333 c. $200,000 d. $260,000 $100,000 200,000 300,000 (Deduet 4 points for each incorrect answer)

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